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Is EUR/JPY a good long bet?

My answer to the title question is a resounding YES! Let me count the ways.
1. After more than one month's good work, it climbed 600 pips to 128.00. The path has been direct and simple with a perfect trend line. Currently it is having a correction but rebounding right from the same trend line.
2. The V-shaped bottom area ABC (see chart below) constitutes a very solid support to withstand the current tumultuous market, and sustain a steady rally.
3. With a little imagination, once the current reb…
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VALTRAD 4 Apr

Может ещё одну ручку нарисовать. Я тоже смотрю вверх по паре.

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Time to take a short bet on yen

After hitting a low of 112.25 last night, USD/JPY managed to rebound before reaching the support of 112.15. As we can see from the hourly chart, it has already broken the correction trend line, making a higher high. I think it is a reasonable bet on a long position. Note that shortly before, it had a inverted head and shoulder pattern ABC. This provides some support as well. So, friends, be brave, be greedy, no pain no no gain. You just have to take the plunge! Follow me!
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dragon1 9 Mar

my position hit a stop loss :-(. Now it flies!

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dragon1 9 Mar

correction: without reaching the support of 112.15

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EURo may experience a corrective downfall

Euro's rally has been impressive. However, it is encountering a major resistance, and it looks unable to punch right through it. After making a break-out over R1, it was blocked by R2. The current pattern looks toppish and bearish!
I made a bullish short time ago entry, unfortunately. But this time I would not make the same mistake like USD/JPY. After seeing the bearish retreat of Euro, I promptly arrange to make an exit, give away more than 15 pips. Alas, sleep well, opportunities exit every da…
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dragon1 8 Mar

correction:I made a bullish entry short time ago.

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